Friday 27 November 2015

Qatar's Commercial in UAB deal

Doha, August 16, 2007

Commercial Bank of Qatar (CBQ) has won initial agreement from shareholders of United Arab Bank (UAB) to buy a "significant" stake.

The bank said it will also manage the UAE lender.

The Qatari bank said in a statement it agreed with the Sharjah-based UAB "and with a number of major shareholders, which provide for CBQ to acquire a significant shareholding in UAB, and to enter into a Management Services Agreement."

It did not provide details. - Reuters

Tags: Qatar | Sharjah | UAB |

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